Standard Chartered Bank has offered education on financial literacy to students of the Armed Forces Senior High School, as part of its Corporate Social Responsibility (CSR).
The education centred on savings, budgeting and investments which according to the bank, is aimed at exposing the students to adopt a saving culture,...
Revenue of GH₵676.7millon; 9% growth over 2016
Profit before tax of GH₵422.3million up 22% over 2016
Strong and resilient balance sheet
Standard Chartered Bank Ghana Limited, has posted a strong profit before tax of GH₵ 422.3million in 2017 representing 22% increment over the previous year (2016) with earnings per...
The Parent Company of HFC Bank, Republic Financial Holdings Limited (RFHL) reported a profit of $1.25 billion for the Group’s financial year ended September 30, 2017. This was highlighted in the 2017 Annual Report of the Group.
In the Chairman’s review message Mr. Ronald F. deC. Harford stated that the...
Banks and other businesses in the country are simply paying lip-service to the critical issue of cyber security, with regulatory inaction being a major contributory factor, Del Aden, Managing Partner at cyber security firm, Delta 3 International, has said.
“There is a lot of talk but not enough action or...
The Ghana Interbank Payment and Settlement System (GhIPSS) has commended organisers of Ghana’s premier pop-up market, christened Selewa Market, for creating a platform for shoppers to use electronic forms of payment at the fair.
The fair created over the past 3 years, has provided an avenue for businesses ,both SMEs...
The centrality of SMEs to the economic development of developing countries, especially, has been well established. In Africa, SMEs account for the vast majority of jobs and more of such businesses would be required to absorb the growing workforce and address unemployment on the continent.
This requires an enabling environment...
Banks that want to be successful in the electronic era should no longer see themselves as gatekeepers, but as gateways offering variety of products via multiple channels
Electronic Ecosystem Participation by Banks
As banks continuously strive to better serve us all in our quest to do things electronically, they...
“I do not seek aid for Africa. I seek investments in Africa –Akinwumi Adesina”, President of the African Development Bank
The President of the African Development Bank, Dr. Akinwumi Adesina has made a strong case for increased American and global investments to help unlock Africa’s Agriculture potential.
He made the remarks...
As part of its Corporate Social Responsibility agenda for the year, Ecobank Ghana, joined hands with its other subsidiary companies and numerous customers to donate blood to various blood banks across four centres in Ghana.
Dubbed “The Ecobank Blood is Life Exercise”, the event was held on Wednesday, 14th February,...
Computing from the Bank of Ghana data, the non-performing loans of the banking industry stood at about GHc6.16 billion in 2016 and GHc8.56 billion in 2017 representing a growth rate of about 39% in nominal terms. The non-performing loans ratio was 17.3% by the end of 2016 and it...